Areas of Practice
Investment advisors can be caught between a rock and a hard place after a client dies. Markets move quickly and getting expert advice and assistance early in the process is essential. The personal representative (executor) must work closely with the investment advisor, attorney and others to complete the job of administering the estate. The task can seem daunting, especially at first, and is even more so for someone who has never done it before. We strive to simplify the process and bring the estate to a close as quickly as possible.
investing as a fiduciary
Under SEC rules, an RIA is a fiduciary. When managing a client's wealth, an RIA must act in the client's best interests and not engage in activities that create a conflict of interest. Further, in most states, a trustee is obligated to invest assets of a trust in accordance with the Uniform Prudent Investor Act, which among other things, requires diversification of trust assets. If you are managing assets in trust, we can train you and your staff on the ins-and-outs of fiduciary investing under the UPIA.
working with banks and trust companies
As an investment advisor or professional managing a trust, you may be working with a bank or trust company as trustee or custodian. You may be looking for someone to serve as a directed trustee. You may need a corporate trustee that can work well with your custodian or family office. If you need help working with a trust company or wish to find one that will be a good fit for your firm, we can assist.
Just about every estate plan includes a trust of some kind. Warwick Carter has handled trust matters for high net-worth families over the span of his career. We can guide you and your clients through the process of setting up and managing family trusts. If you are a trustee and need assistance in carrying out your duties, you can ask us for advice. We will also assist in selecting a corporate trustee in one of several trust-friendly states.
working with Unique Assets
Wealthy families own more than just marketable securities and cash. They own many types of unique assets as well, including art, jewelry, fine furniture, real estate, rare automobiles, life insurance, and closely held businesses. Warwick Carter can advise on management and estate planning issues regarding these kinds of assets, including insurance, valuation, gifting and donations to charity.
Philanthropy has a long and storied history in America. Many high net-worth families seek to leave a philanthropic legacy. Questions often arise when dealing with foundations and Donor Advised Funds (DAFs). Warwick Carter has expertise setting up and managing private foundations and has strong relationships with leading DAFs.
In 2017, Congress passed sweeping changes to the federal tax laws. Among them are a temporary doubling of the lifetime estate, gift and generation-skipping transfer tax exemption. The recent changes will lead to tremendous estate planning opportunities in the years ahead. In addition, the 2017 Act ushered in a new paradigm for business owners. Are you prepared to advise your clients on these topics? If not, we can help.
training and coaching
Training staff is an essential part of leadership. Staff who are well trained are better able to serve high net-worth clients. They also make fewer mistakes, which prevents losses to your clients as well as costly and time-consuming errors for your firm. Warwick Carter is able to train your staff on trusts and estates as well as compliance and risk management. We also provide coaching to individual staff members to improve job performance.
general consulting services
Warwick Carter Advisors, LLC has the depth and breadth of industry experience as well as the connections to provide value-added service to your organization. If you need advice on matters such as strategy, fundraising, hiring or selecting a strategic partner, or finding the right fiduciary or board member, we can be a resource to you. Contact us to see how we can be helpful.
If you would like to find out how Warwick Carter Advisors, LLC can help you and your firm, or wish to learn more about engaging us, use the Contact Us link above to inquire. We also welcome your feedback. Thank you!